Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q1 FY2023 Earnings Presentation
30 slides from Toyota Boshoku's earnings presentation, Jul 29, 2022
Slide 1: 1st Quarter Financial Results FY2023
TSE Prime Market Securities Code 3116 FY2023 (ending March 2023) 1st Quarter Financial Results Date: July 29, 2022
Slide 2: Financial Results
Financial Results 1. 1st Quarter FY2023 Financial Results 2. FY2023 Financial Forecasts 3. Appendix
Slide 3: 1st Quarter FY2023 Financial Results
Financial Results 1. 1st Quarter FY2023 Financial Results 2. FY2023 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 1st Quarter FY2023 Financial Results Overview of Consolidated Financial Results （100 million yen） Q1 FY2022 Q1 FY2023 YOY Change Revenue 3,542 100.0% 3,503 100.0% △39 △1.1% Operating Profit 177 5.0% 34 1.0% △143 △80.9% Profit before income taxes 194 5.5% 75 2.2% △119 △61.3% Profit* 121 3.4% △13
Slide 5: Seat Production by Region
1-2) 1st Quarter FY2023 Financial Results Seat Production by Region Total By Region （10,000 Units） （10,000 Units） △12 YOY Change △6.4% 1Q 1Q Pct Change FY22 FY23 189 177 △16 △21.9% △3 +3 +6 75 △9.5% +8.1% +26.3% △1 59 △7.1% 35 32 36 39 23 29 20 18 1Q FY22 The China Asia & Europe& 1Q FY23 Japan Ameri
Slide 6: Consolidated Revenue & Operating Profit
1-3) 1st Quarter FY2023 Financial Results Consolidated Revenue & Operating Profit Profit decreased due to volume decrease and increase in material price, shipping costs caused by external environment change and overhead costs increase despite new product effects and cost reduction. Volume & Model Mi
Slide 7: Japan Revenue & Operating Profit
1-3) 1st Quarter FY2023 Financial Results Japan Revenue & Operating Profit Profit decreased as volume decrease due to the parts supply issues in addition to employee retention and overhead costs increase despite new product effects Volume & Model Mix Operating Profit Variance Analysis (10,000 units)
Slide 8: The Americas Revenue & Operating Profit
1-3) 1st Quarter FY2023 Financial Results The Americas Revenue & Operating Profit Profit decreased as volume decrease due to the parts supply issues in addition to increase in material price, shipping costs and overhead costs Volume & Model Mix Operating Profit Variance Analysis (10,000 units) △3 35
Slide 9: China Revenue & Operating Profit
1-3) 1st Quarter FY2023 Financial Results China Revenue & Operating Profit Profit increased due to volume increase from new product launch and Forex impact despite Shanghai Lockdown Volume & Model Mix Operating Profit Variance Analysis (10,000 units) Changes in product prices△8 （100 million yen） +3
Slide 10: Asia & Oceania Revenue & Operating Profit
1-3) 1st Quarter FY2023 Financial Results Asia & Oceania Revenue & Operating Profit Profit increased due to volume increase and cost reduction despite increase in material price, shipping costs and overhead costs Volume & Model Mix Operating Profit Variance Analysis (10,000 units) （100 million yen）
Slide 11: Europe & Africa Revenue & Operating Profit
1-3) 1st Quarter FY202 Financial Results Europe & Africa Revenue & Operating Profit Profit decreased due to Shutdown caused by Europe situation and overhead costs increase despite new product effects Volume & Model Mix Operating Profit Variance Analysis (10,000 units) （100 million yen） Employee rete
Slide 12: FY2023 Financial Forecasts
Financial Results 1. 1st Quarter FY2023 Financial Results 2. FY2023 Financial Forecasts 3. Appendix
Slide 13: Overview of Consolidated Financial Forecasts
2-1) FY2023 Financial Forecasts Overview of Consolidated Financial Forecasts （100 million yen） FY23 FY23 Forecasts FY22 Actual YOY Change Forecasts (Initially Announced) Revenue 14,214 100.0% 15,700 100.0% 1,485 10.5% 15,700 100.0% Operating Profit 602 4.2% 610 3.9% 7 1.2% 780 5.0% Profit before inc
Slide 14: Seat Assembly Production by Region
2-2) FY2023 Financial Forecasts Seat Assembly Production by Region Total By Region （10,000 Units） （10,000 Units） +108 +14.8% YOY Change FY22 FY23 Pct Change 840 Actual Forecast 732 +27 +9.8% +41 +8 +27.6% +29 273 300 +6.7% +26.1% +4 +4.7% 190 122130 149 109 138 78 82 The Asia & Europe& FY22 FY23 Jap
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-3) FY2023 Financial Forecasts Consolidated Revenue & Operating Profit Higher profit due to volume increase and new product effects by cost planning activity despite increase in material price, shipping costs and overhead costs Volume & Model Mix Operating Profit Variance Analysis Changes in produc
Slide 16: Revenue & Operating Profit by Region: Japan, Americas
2-4) FY2023 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Lower profit due to increase in material price, Lower profit due to increase in material price, change in products mix and overhead costs shipping costs and overhead costs despite increase despite volume increase
Slide 17: Revenue & Operating Profit by Region: China, Asia & Oceania
2-4) FY2023 Financial Forecasts Revenue & Operating Profit by Region China Asia & Oceania Higher profit due to volume increase from new As the same level as FY22 profit due to volume product launch despite overhead costs increase increase despite change in products mix in addition to overhead costs
Slide 18: Revenue & Operating Profit by Region: Europe & Africa
2-4) FY2023 Financial Forecasts Revenue & Operating Profit by Region Europe & Africa Lower profit due to Shutdown caused by Europe situation and increase in material price and shipping costs despite higher volume Volume & Model Mix +4 (10,000 units) <+4.7%> 82 78 59 Compact (74.7%) 4 (4.6%) Medium S
Slide 19: 1st/2nd Half by Region
2-5) FY2023 Financial Forecasts 1st/2nd by Region Revenue （100 million yen） 1st Half 2nd Half Full Year Japan 3,200 3,800 7,000 The Americas 1,800 1,900 3,700 China 1,300 1,600 2,900 Asia & Oceania 1,100 1,200 2,300 Europe & Africa 400 500 900 Total 7,300 8,400 15,700 Operating Profit （100 million y
Slide 20: Returning to Shareholders
2-6) FY2023 Financial Forecasts Returning to Shareholders ■ For FY23, annual dividends plan is ¥70, increased by ¥6 compared to the previous year, which will be determined based on comprehensive evaluation of future forecasts Trends in dividend, operating profit, &profit attributable to owners of th
Slide 21: Concluding
2-7) Concluding 1st Quarter FY2023 Financial Results 【1Q Results】 ・Profit decreased due to negative impacts of volume decrease including employee retention in addition to increase in material price, shipping costs and change in products mix caused by external environment change while flexibly respon
Slide 22: Appendix
Financial Results 1. 1st Quarter FY2023 Financial Results 2. FY2023 Financial Forecasts 3. Appendix
Slide 23: Quarterly Trends: Consolidated
Appendix1) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue Seat Assembly Production (10,000 units) (100 million yen) 8,000 206 194 220 201 183 189 195 195 193 190 177 169 153 Revenue 119 3,518 3,629 3,434 3,782 3,484 3,542 3
Slide 24: Quarterly Trends: Japan
Appendix2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 units) (100 million yen) 4,000 100 85 84 85 79 79 76 79 75 68 67 62 59 2,076 50 2,070 1,904 1,846 1,856 1,813 1,882 1,885 1,764 1,815 2,000 1,542 50 1,505 1,229 0 0
Slide 25: Quarterly Trends: The Americas
Appendix3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 units) (100 million yen) 2,000 50 34 35 32 33 32 31 31 30 29 27 27 29 1,000 854 863 896 25 724 727 709 752 718 786 653 624 672 12 279 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 26: Quarterly Trends: China
Appendix4) Quarterly Trends: China volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 units) (100 million yen) 2,000 80 40 43 38 38 39 39 39 35 36 1,000 32 31 30 40 646 600 595 468 19 464 446 482 445 427 389 428 254 411 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Slide 27: Quarterly Trends: Asia & Oceania
Appendix5）Quarterly Trends: Asia & Oceania volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 units) (100 million yen) 2,000 40 34 32 28 28 29 26 25 24 24 23 21 19 1,000 20 488 10 528 556 525 466 459 389 459 444 417 401 342 197 0 0 1Q 2Q 3Q 4Q 1Q 2Q
Slide 28: Quarterly Trends: Europe & Africa
Appendix6) Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 units) (100 million yen) 1,000 40 22 22 23 22 23 21 20 20 19 18 500 17 20 13 306 232 235 10 251 255 232 258 194 222 210 216 166 108 0 0 1Q 2Q 3Q 4Q 1Q 2Q
Slide 29: Comparison with the Previous Forecasts
Appendix7) FY2023 Financial Forecasts Comparison with the Previous Forecasts Operating Profit Variance Analysis (100 million yen) Difference Previous This time Forecasts Forecasts Internal External Total Effort Environment FY22 602 602 - - - Actual Volume 476 316 △160 - △160 Model & Product Mix △128
Slide 30: Disclaimer
<Disclaimer> This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the co